Network 18 Media & Investments Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis net profit after tax was INR 147.791 million or INR 0.16 per basic and diluted share on total income from operations of INR 505.56 million compared to net loss after tax of INR 156.49 million or INR 1.08 per basic and diluted share on total income from operations of INR 265.78 million a year ago. Profit before tax was INR 147.791 million compared to loss of INR 156.48 million a year ago. Loss from operations before other income, finance costs, exceptional items, prior period items and tax was INR 176.033 million compared to INR 78.144 million a year ago. Loss before finance costs, exceptional item, prior period items and tax was INR 30.661 million compared to profit of INR 175.724 million a year ago. Loss after finance costs but before exceptional items, prior period items and tax was INR 194.459 million compared to INR 156.183 million a year ago.

For the nine months period, on standalone basis net loss after tax was INR 736.086 million or INR 1.78 per basic and diluted share on total income from operations of INR 1,368.270 million compared to net loss after tax of INR 756.143 million or INR 5.47 per basic and diluted share on total income from operations of INR 587.165 million a year ago. Loss before tax was INR 736.086 million compared to INR 748.927 million a year ago. Loss from operations before other income, finance costs, exceptional items, prior period items and tax was INR 570.661 million compared to INR 354.794 million a year ago. Profit before finance costs, exceptional item, prior period items and tax was INR 56.452 million compared to INR 185.398 million a year ago. Loss after finance costs but before exceptional items, prior period items and tax was INR 913.945 million compared to INR 748.777 million a year ago.

For the quarter, on consolidated basis net profit after tax, minority interest and share of associates was INR 68.489 million or INR 0.07 per basic and diluted share on total income from operations of INR 6,974.001 million compared to loss of INR 858.068 million or INR 5.89 per basic and diluted share on total income from operations of INR 5,100.829 million a year ago. Profit before tax was INR 151.978 million compared to loss of INR 1,381.169 million a year ago. Loss from operations before other income, finance costs, exceptional items, prior period items and tax was INR 128.716 million compared to INR 987.513 million a year ago. Profit before finance costs, exceptional item, prior period items and tax was INR 99.772 million compared to loss of INR 710.123 million a year ago. Loss after finance costs but before exceptional items, prior period items and tax was INR 430.759 million compared to INR 1,380.931 million a year ago. Net profit after tax was INR 126.279 million compared to loss of INR 1,390.169 million a year ago.

For the nine months, on consolidated basis net loss after tax, minority interest and share of associates was INR 1,059.259 million or INR 2.56 per basic and diluted share on total income from operations of INR 17,213.816 million compared to INR 2,202.486 million or INR 15.93 per basic and diluted share on total income from operations of INR 13,091.62 million a year ago. Loss before tax was INR 1,452.5 million compared to INR 2,933.848 million a year ago. Loss from operations before other income, finance costs, exceptional items, prior period items and tax was INR 1,112.488 million compared to INR 1,933.793 million a year ago. Loss before finance costs, exceptional item, prior period items and tax was INR 357.781 million compared to INR 978.215 million a year ago. Loss after finance costs but before exceptional items, prior period items and tax was INR 2,688.238 million compared to INR 2,933.914 million a year ago. Net loss after tax was INR 1,571.226 million compared to INR 2,993.114 million a year ago.